Linked Server Catalogs Never Expand (and peg the CPU)

We recently migrated our SQL Server to a new server.  I scripted out the linked servers on the old SQL server and ran it on the new server.  I updated the passwords and the 'test connection' is successful.  

My issue is when we try to expand the linked servers on the new server, the catalogs never expand and a 'fetch ms_crs_aliases into @ alias' query runs and never finishes. This query pegs the CPU and we cannot kill it unless we restart the SQL service.  

Does anyone know how to fix this?  The connections seem to be working but when you try to expand the catalogs it kills our performance and we have to restart SQL. 

This is SQL 2008 R2 running on a physical Windows Server 2008 R2 box.

Thanks.